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6 days ago
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Brace yourself: This is exactly how much you should have saved for your kid's college by the time they're 5, 13 and 18
American families face ongoing college-affordability and student-debt crises as new technologies like artificial intelligence transform the workplace, casting doubt on the value of higher education in the future. Despite these challenges, financial planners say it remains wise for parents to prepare for the rising costs of education by saving — a lot — for college, and talking to their children about their options. Israel-Iran clash delivers a fresh shock to investors. History suggests this is the move to make. These defense stocks offer the best growth prospects, as the Israel-Iran conflict fuels new interest in the sector 'I prepaid our mom's rent for a year': My sister is a millionaire and never helps our mother. How do I cut her out of her will? 'He failed in his fiduciary duty': My brother liquidated our mother's 401(k) for her nursing home. He claimed the rest. My friend is getting divorced. Her husband offered to sign over their house. What's he hiding? If your newborn today plans to attend college, you should plan to save roughly $105,000 in a college fund by the time they turn 18, which would cover nearly 50% of their total college expenses — tuition, fees, housing and food — at a four-year, public in-state university. That's the latest advice for parents from T. Rowe Price TROW, an investment firm that offers college-savings plans. In order to achieve this staggering figure, parents today could invest $280 each month per child from the time they are born into a 529 college-savings account that earns 6% annually, which could grow to more than $19,000 by age 5, almost $45,000 by age 10, about $64,000 by age 13, and nearly $105,000 by the time they turn 18. That six-figure total is approximately 1.75 times the $59,972 estimated annual cost of college by that time. To fully cover 50%, parents would continue saving through the four years their child is enrolled in school. The analysis assumes the other half would be covered by student loans, scholarships and grants. Almost 30% of undergraduates receive federal student loans. Setting aside $280 per month for two children would add up to $6,720 per year. For a family of four making the average gross income of about $146,000, according to the Bureau of Labor Statistics, that would translate to 4.6% of gross income. 'That's achievable. They just have to control their spending,' Mark Kantrowitz, author of 'How to Appeal for More College Financial Aid,' told MarketWatch. Reaching this savings goal might require sacrificing wants, like vacations, but 'vacation is a luxury, not a necessity, so that should be the lowest priority,' he said. T. Rowe Price's guidelines suggest that by the time a child is 18, parents should have saved 1.75 times the current cost of one year of college. Over time, this means having 0.6 times the annual cost by age 5, when many children start elementary school; 1.1 times by age 10, as they prepare to enter middle school; and 1.35 times by age 13, before they begin high school. Average annual expenses at four-year, in-state public universities totaled $24,920 this year, and at private universities the average was $58,600. These benchmarks factor in average 5% annual college inflation, which would push up the mean annual cost of attending an in-state school to $59,972 in 18 years. Young said parents can monitor their progress each year using actual sticker prices at the time, as the $59,972 figure is just an estimate. For most parents, these are daunting figures. The median retirement savings, a more common savings goal, for a couple with children is just over $95,000, according to 2022 data from the Federal Reserve. But it is in parents' interest to come up with a plan for dealing with college costs, Larry Pon, a financial planner and accountant in California, told MarketWatch. Too many parents, determined to send their kids to their 'dream school,' say they will 'figure it out,' he said — and 'usually what 'figure it out' means is taking on student loans.' Related: Is going to college worth it? Ask these 5 questions to make sure it's a good investment for you. As they begin planning to save for college, parents must first establish where college expenses fit into family financial goals. In terms of priorities, an emergency fund comes first, Roger Young, a financial planner at T. Rowe Price, told MarketWatch. The next biggest priorities should be paying off high-interest debt and saving for retirement — which at the very least means maximizing an employer match, but preferably means saving at least 15% of income, which Young describes as 'adequate' for retirement. The planners MarketWatch spoke with all agreed that retirement savings were a higher priority than college savings. Unlike education, there is no loan product for retirement, they noted. After those more urgent goals are accounted for, parents can start saving for their children's education, and also should talk to their children about the plan. Parents who are not able to save $280 per month per child, as T. Rowe Price suggests, can establish different goals. Another framework is to aim to fund one-third of college costs from savings (rather than 50%), one-third from parent income while attending, and one-third from student loans or scholarships, said Kevin Brady, a financial planner at Wealthspire in New York. 'Those ratios can be adjusted as needed depending on total cost, age, income, number of kids and so on,' he said. Eventually, when children are old enough to work, they can also contribute to this $280 monthly target. 'I help clients reframe college savings as a shared responsibility: The family may cover part, and the student contributes through work, scholarships or modest loans,' said Nathan Sebesta, a financial planner at Access Wealth Strategies in New Mexico. Being realistic about a college budget might also mean thinking through the financial impacts of different options. Dave Ragen, who has three children and is a financial planner at Grunden Financial Advisory in Texas, said he was putting away about $350 total per month for college, which at times felt like 'a stretch.' He had originally aimed to save $20,000 to $30,000 for each of his children to attend community college and then a local university. When his son said he wanted to attend a school out of state, however, 'we started crunching the numbers, and there was a big difference from what the college cost actually was compared to what we had been talking about and planning with him.' Ragen tried to bump up the savings rate into their 529 college-savings account, but ultimately sat down with his son and 'ruled it out' based on the amount of debt he would likely have to take on to go out of state. The rule of thumb is not to borrow more than you think your annual starting salary will be. His son ultimately stayed in-state, got scholarships and contributed money from his summer jobs. For the typical American family, however, setting aside money for education is a stretch, especially with prices expected to rise due to changing U.S. tariff policy. 'For many families, fully funding college just isn't realistic,' said Liz Gillette, a financial planner at Curio Wealth in Maryland, who says the topic comes up often with clients in their 30s and 40s. 'I suggest having honest, age-appropriate conversations with your child early — about what types of programs make sense and how much the family can realistically contribute.' As it is, American parents are already less likely to have enough emergency savings to cover three months of expenses (49%) than adults in the U.S. overall (57%), according to 2024 data from the Federal Reserve. They are also more likely to have credit-card debt and higher credit-card balances than average, according to a 2023 PYMNTS survey. Read more: Parents are 'hunkering down financially' to brace for Trump tariff impact 'I've seen people who are very successful savers, saving at high percentages even though they don't have a ton of income,' Young said. Still, 'we need to give ourselves some grace.' To incentivize parents to save for college, Congress created 529 plans in the 1990s, offering tax-free earnings on investments used for higher education. (Many states also offer tax deductions on 529 contributions.) Sen. Mitch McConnell of Kentucky, the former Republican majority leader, and former Sen. Bob Graham, a Florida Democrat, led the effort to secure federal tax advantages. Starting in 2024, up to $35,000 left in 529 accounts also became eligible to be rolled over into Roth IRAs, giving parents more flexibility — and incentive — to save. For the 61% of high-school grads who go to college, 'the tax benefits are meaningful,' Young said of 529s. Earnings in regular savings accounts are taxed as ordinary income, and growth in taxable brokerage accounts are taxed as capital gains. Yet only 17.2 million families in the U.S., or roughly 15% of family households, use 529s, according to data from the research firm ISS Market Intelligence that was shared with MarketWatch. (One contributing factor is that about half of U.S. adults do not know what 529s are, a separate survey by Edward Jones found.) While high-income Americans have the greatest ability to take advantage of 529 benefits, ISS Market Intelligence data show others are also trying. The majority of households that have 529s — about 74% — earn less than $150,000 per year, roughly the threshold for the highest 20% of income earners in the U.S. The estimated median 529 account balance is $9,500, according to ISS, and among families that auto-deposit, the average contribution is about $200 per month. 'The most important point for anyone thinking about saving for college is to start now,' said David Mendels, principal of DBM Planning in New York. 'Time will either be your friend or your enemy, so make it your friend.' The earlier parents start saving, the more time can help their investments compound — meaning the amount they would have to contribute to meet that $105,000 target is hopefully lower than if they start later and have less time to let their investments grow. Parents who aren't able to start early — for example, if child-care costs consumed too much of the monthly budget — would have to save at a higher rate in order to meet the $105,000 benchmark, according to T. Rowe Price. Pon, the accountant in California, said his two children graduated college in 2021 and 2023. He deposited gifts from when his two children were born, as well as any monetary gifts for their birthdays, into their college savings. He regularly contributed to their 529s, and also took advantage when the markets were down by contributing more during those dips. When he looked at the tax form after withdrawing from his child's 529, the amount he had actually contributed on $10,000 was just $4,000; the other $6,000 'was tax-free growth,' he said. 'The most important message from a personal-finance perspective for families is that a dollar saved is more than a dollar earned,' said Paul Curley, a financial analyst and executive director of 529 & ABLE Solutions at ISS Market Intelligence. 'Saving automatically adds up, and 529s increasingly make sense for almost all families once an emergency fund is in place.' You may not reach your college-savings goal, but you and your children will benefit from doing what you can. The truth is that 'you can fund all your goals, but you may not be able to fund it to the degree that you want,' financial planner Marguerita Cheng, chief executive of Blue Ocean Global Wealth in Maryland, told MarketWatch. This may not be ideal, but parents should not be discouraged, she said: 'It's not all or none.' 'The reality is, college is inflating at a much faster rate than other goods and services,' said Cheng. 'If people can't do 100% of that goal, they can do a portion of that goal and start when their kids are little, with $50 or $100 [monthly]. … What's important here is the habit.' The amount that parents contribute can always increase as their income increases, she added. Cheng's children are ages 28, 26 and 20. When she was saving for their education, she was also caring for her father, who has Parkinson's disease. 'I, at that time, was worried about three things: the kids' college, my retirement, and making sure that I'm helping my parents,' she said. Cheng started with $50 contributions and gradually increased the amount over time. The most she was ever able to put away for the three of them was $1,000 per month total. She was able to use 529s to pay for about 50% of college expenses, with the rest funded by cash flow and federal student loans. Her son paid back his student loans by living at home while doing a fellowship that paid about $48,000 per year. Cheng said she made it clear to him that he couldn't just spend his salary on wants; he needed to set aside money for an emergency fund and a Roth IRA, and to pay off his student loans. Whatever your situation, 'do something,' Pon said. Even if you are only contributing a small amount each month, 'something is better than nothing,' he added. What personal-finance issues would you like to see covered in MarketWatch? We would like to hear from readers about their financial decisions and money-related questions. You can fill out or write to us at . A reporter may be in touch to learn more. MarketWatch will not attribute your answers to you by name without your permission. My husband is in hospice care. Friends say his children are lining up for his money. What can I do? My mother-in-law thought the world's richest man needed Apple gift cards. How on Earth could she fall for this scam? 'I'm not wildly wealthy, but I've done well': I'm 79 and have $3 million in assets. 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6 days ago
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DAVID GIROUX NOMINATED FOR 2025 U.S. MORNINGSTAR OUTSTANDING PORTFOLIO MANAGER AWARD IN ALLOCATION CATEGORY
Award nomination is seventh of Giroux's illustrious career BALTIMORE, June 17, 2025 /PRNewswire/ -- T. Rowe Price (NASDAQ-GS: TROW), a global investment management firm and leader in retirement, announced that David Giroux has been nominated for the 2025 U.S. Morningstar Outstanding Portfolio Manager award in the Allocation category. The nomination is part of the annual Morningstar Awards for Investing Excellence; it's Giroux's seventh in his 19 years as a portfolio manager at T. Rowe Price. Previously, Giroux was named as U.S. Morningstar Outstanding Portfolio Manager for 2012 and 2017. Giroux is chief investment officer and head of investment strategy for T. Rowe Price Investment Management. He is best known as portfolio manager of T. Rowe Price Capital Appreciation Fund (Ticker: PRWCX), his primary role since June 30, 2006. At the end of 2024, Giroux's Capital Appreciation Fund established the longest streak for outperforming peers in its Morningstar category – 17 consecutive years – among any U.S. equity or multi-asset fund under the same portfolio manager.¹ The Capital Appreciation Fund invests primarily in a blended portfolio of common and preferred stocks as well as fixed income and other securities to help manage risk and preserve principal value. It is classified in Morningstar's Moderate Allocation category, and it carries a 5-star rating from Morningstar overall and for the 1-, 3-, 5-, and 10-year periods as of March 31, 2025²; it also holds a Morningstar Medalist Rating of Gold.³ The Morningstar Awards for Investing Excellence recognize portfolio managers and asset management firms that demonstrate excellent investment skill, the courage to differ from the consensus to benefit investors, and an alignment of interests with the strategies' investors. The Morningstar Awards for Investing Excellence award winners are chosen based on research and in-depth qualitative evaluation by Morningstar's Manager Research Group. Methodology for the awards is available here. Giroux began his investment career in 1998 as an associate analyst at T. Rowe Price. The scope of his investment responsibilities has grown steadily during his tenure with the firm. In addition to the Capital Appreciation Fund, Giroux is portfolio manager or co-portfolio manager of: T. Rowe Price Capital Appreciation Equity ETF (Ticker: TCAF) T. Rowe Price Capital Appreciation Equity SMA T. Rowe Price Capital Appreciation and Income Fund (Ticker: PRCFX) T. Rowe Price Capital Appreciation Premium Income ETF (Ticker: TCAL) The total assets under management of portfolios under Giroux's leadership is $98.3 billion, including $64.8 billion in the Capital Appreciation Fund, as of March 31, 2025. T. Rowe Price's actively managed portfolios strive to outperform passively managed benchmarks and industry peers through the firm's longstanding practice of conducting rigorous global investment research and asking better questions and using critical thinking in an effort to deliver better outcomes for clients. QUOTES Steph Jackson, head of T. Rowe Price Investment Management"This latest nomination for David in the annual Morningstar Awards for Investing Excellence is yet another validation of his remarkable investment acumen and his stellar career. He is a truly special investor, and he is relentlessly driven by doing the very best he can for his shareholders. David has always had tremendous influence within the firm, but this nomination acknowledges his influence and impact in the asset management industry overall. We are grateful to Morningstar and its Manager Research Group for this prestigious recognition." David Giroux, portfolio manager, Capital Appreciation suite, chief investment officer and head of investment strategy, T. Rowe Price Investment Management"The Morningstar Awards for Investing Excellence are extremely meaningful to me and my team.4 I have always been blessed with tremendous support from my colleagues at T. Rowe Price, and this year is no exception. I share the honor of this nomination with my team, all of whom work incredibly hard on behalf of our clients, and I thank Morningstar for its generous recognition." ABOUT T. ROWE PRICE Founded in 1937, T. Rowe Price (NASDAQ – GS: TROW) helps individuals and institutions around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Clients rely on the award-winning firm for its retirement expertise and active management of equity, fixed income, alternatives, and multi-asset investment capabilities. T. Rowe Price serves millions of clients globally and manages US $1.62 trillion in assets under management as of May 31, 2025. About two-thirds of the assets under management are retirement-related. News and other updates can be found on Facebook, Instagram, LinkedIn, Twitter, YouTube, and Consider the investment objectives, risks, and charges and expenses carefully before investing. For a prospectus or, if available, a summary prospectus containing this and other information visit Read it carefully. T. Rowe Price Capital Appreciation Fund: The fund is subject to the inherent volatility of common stock investing. Its approach carries the risk that the market will not recognize a security's intrinsic value for a long time or that a stock judged to be undervalued may be appropriately priced. Because of the fund's fixed-income holdings or cash position, it may not keep pace in a rapidly rising market. Past performance cannot guarantee future results. ¹ As of December 31, 2024. Based upon a T. Rowe Price analysis of calendar year returns for all equity and multi-asset funds domiciled in the U.S. with greater than or equal to 17 consecutive years of beating their Morningstar peer group average while under the management of the same portfolio manager. Analysis excludes any portfolios managed by David Giroux in the same manner as the Capital Appreciation strategy. The Morningstar Category system was introduced in 1996, but it includes funds that began operations earlier. The Capital Appreciation Fund is in Morningstar's Moderate Allocation Category. ² The Overall Morningstar Rating™ for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and ten-year (if applicable) Morningstar Rating™ metrics. Morningstar rated the fund 5, 5, and 5 stars among 682, 628, and 490 Moderate Allocation funds for the three-, five-, and ten-year periods (if applicable) ending March 31, 2025, respectively. The Morningstar Rating™ for funds, or "star rating," is calculated for managed products with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. ³ The Morningstar Medalist Rating™ is the summary expression of Morningstar's forward-looking analysis of investment strategies as offered via specific investment vehicles using a rating scale of Gold, Silver, Bronze, Neutral, and Negative. The Medalist Ratings indicate which investments Morningstar believes are likely to outperform a relevant index or peer group average on a risk-adjusted basis over time. Investment products are evaluated on three key pillars (People, Parent, and Process) which, when coupled with a fee assessment, forms the basis for Morningstar's conviction in those products' investment merits and determines the Medalist Rating they're assigned. Pillar ratings take the form of Low, Below Average, Average, Above Average, and High. Pillars may be evaluated via an analyst's qualitative assessment (either directly to a vehicle the analyst covers or indirectly when the pillar ratings of a covered vehicle are mapped to a related uncovered vehicle) or using algorithmic techniques. Vehicles are sorted by their expected performance into rating groups defined by their Morningstar Category and their active or passive status. When analysts directly cover a vehicle, they assign the three pillar ratings based on their qualitative assessment, subject to the oversight of the Analyst Rating Committee, and monitor and reevaluate them at least every 14 months. When the vehicles are covered either indirectly by analysts or by algorithm, the ratings are assigned monthly. For more detailed information about these ratings, including their methodology, please go to The Morningstar Medalist Ratings are not statements of fact, nor are they credit or risk ratings. The Morningstar Medalist Rating (i) should not be used as the sole basis in evaluating an investment product, (ii) involves unknown risks and uncertainties which may cause expectations not to occur or to differ significantly from what was expected, (iii) are not guaranteed to be based on complete or accurate assumptions or models when determined algorithmically, (iv) involve the risk that the return target will not be met due to such things as unforeseen changes in management, technology, economic development, interest rate development, operating and/or material costs, competitive pressure, supervisory law, exchange rate, tax rates, exchange rate changes, and/or changes in political and social conditions, and (v) should not be considered an offer or solicitation to buy or sell the investment product. A change in the fundamental factors underlying the Morningstar Medalist Rating can mean that the rating is subsequently no longer accurate. 4 Team members include: Peter Apockotos, associate analyst; Ira Carnahan, portfolio specialist; Taylor Chan, associate analyst; Stephen Chmil, trading; Theresa Fourcade, senior administrative specialist; Gregg Gola, trading; Kevin Klassen, quantitative analysis; Chase Lancaster, trading; Amanda Ludwitzke, quantitative analysis; Jordan McKinnie, quantitative analysis, portfolio management; Todd Nocella, trading; Justin Olsen, quantitative analysis, portfolio management; Vivek Rajeswaran, portfolio management; Carmelo Rubano, trading; Christopher Schubert, trading; Nikhil Shah, quantitative analysis; Farris Shuggi, quantitative analysis, portfolio management; Michael Signore, portfolio management; Brian Solomon, portfolio management; Russell Sterner, portfolio analyst; Tammy Wiggs, trading. Morningstar's Manager Research Group: Morningstar's Manager Research Group consists of various wholly owned subsidiaries of Morningstar, Inc. including, but not limited to, Morningstar Research Services LLC. Morningstar Manager Research provides independent, fundamental analysis on managed investment strategies. Morningstar views are expressed in the form of Morningstar Medalist Ratings, which are derived through research of three key pillars—People, Process, and Parent. The Morningstar Medalist Rating is the summary expression of Morningstar's forward-looking analysis of investment strategies as offered via specific vehicles using a rating scale of Gold, Silver, Bronze, Neutral, and Negative. A global research team issues detailed research reports on strategies that span vehicle, asset class, and geography. Medalist Ratings are not statements of fact, nor are they credit or risk ratings, and should not be used as the sole basis for investment decisions. A Medalist Rating is not intended to be nor is a guarantee of future performance. This press release is for informational purposes only; references to securities should not be considered an offer or solicitation to buy or sell the securities. T. Rowe Price Investment Services, Inc., distributor of T. Rowe Price funds and T. Rowe Price Investment Management, Inc., investment adviser for T. Rowe Price funds, and SMAs. T. Rowe Price Investment Services, Inc and T. Rowe Price Investment Management, Inc are affiliated companies. © 2025 T. Rowe Price. All Rights Reserved. T. Rowe Price, Invest With Confidence and the Bighorn Sheep design are collectively and/or apart, trademarks of T. Rowe Price Group, Inc. View original content to download multimedia: SOURCE T. Rowe Price Group Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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7 days ago
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T. Rowe Prices Tony Wang talks June's tech leadership and if Big Tech's momentum can continue
Tony Wang, T. Rowe Price, joins 'Closing Bell Overtime' to talk his top tech picks for June.
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7 days ago
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Karrie Gordon from The Active ETF Channel Announces Publication of "Active ETFs Gain Further Momentum in 2025"
New York, New York--(Newsfile Corp. - June 10, 2025) - Karrie Gordon is pleased to announce the publication of her article "Active ETFs Gain Further Momentum in 2025" on the VettaFi Active ETF Channel. This article delves into the continued growth of actively managed ETFs, highlighting their increasing market share and investor demand in a dynamic market environment, as revealed by Track Insight's 2025 Global ETF Survey. Active ETFs Gain Further Momentum in 2025 It's little surprise that active ETFs continue to carve out market share, given the number of offerings coming to market. Last year, over half (51%) of all ETFs launched were active strategies. This year favors active even more; active ETF strategies made up 60% of all ETF launches in the opening months of 2025. Investor demand appears undiminished as well, with 22% of all net flows going to active ETFs in 2024. In the early months of this year, active ETF strategies pulled in 30% of flows, according to Track Insight. Part of this demand likely funnels directly from mutual funds. 'In 2024, U.S. mutual funds saw net outflows of $388 billion according to Morningstar, while active ETFs attracted record inflows,' the authors wrote. Read the full article here: About T. Rowe Price T. Rowe Price, an active manager with almost 1,000 investment professionals globally, offers a suite of actively managed ETFs for investors. These include the T. Rowe Price Capital Appreciation Equity ETF (TCAF), the T. Rowe Price U.S. Equity Research ETF (TSPA), and the T. Rowe Price Ultra Short-Term Bond ETF (TBUX). About VettaFi VettaFi is a leading provider of data-driven insights and specialized services for asset managers and investors, bringing together a wealth of expertise to support client success. At the core of VettaFi is a commitment to fostering strong relationships and delivering innovative solutions that help clients engage, grow, and thrive in an increasingly complex financial landscape. For more information about VettaFi, please visit Media Contact: help@ To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-06-2025
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T. Rowe Price Group (NasdaqGS:TROW) Expands ETF Offerings With Three New Sector-Focused Funds
T. Rowe Price Group recently launched three active transparent equity ETFs on NASDAQ, enhancing their investment product suite. Over the last quarter, the company's stock price experienced a 1.66% increase. This performance aligns with broader market movements, suggesting the ETFs might have added weight to these trends. Despite global market volatility, such as the Israel-Iran conflict impacting indices like the Dow Jones, TROW's moves remain relatively steady. Other company actions, including dividend announcements and a stock repurchase program, provided further support to its shareholder returns amid fluctuating market conditions. Buy, Hold or Sell T. Rowe Price Group? View our complete analysis and fair value estimate and you decide. Uncover the next big thing with financially sound penny stocks that balance risk and reward. The recent launch of three active transparent equity ETFs by T. Rowe Price Group has implications for its international expansion efforts and diversified offerings strategy. This aligns with the company's narrative of seeking growth through new markets and increasing its ETF business. The ETFs could enhance the firm's appeal in asset allocation models, potentially driving revenue growth alongside its international partnerships in Japan, Korea, and Canada. Over a three-year period, T. Rowe Price's total shareholder return, including dividends, was 2.25%. This performance provides a broader context to its recent stock price fluctuations. In the shorter one-year timeframe, however, TROW's shares underperformed the US Capital Markets industry, indicative of the ongoing challenges it faces amid market pressures. The introduction of new ETFs is poised to affect revenue forecasts positively through higher net inflows, yet analysts project a conservative annual revenue growth of 1.4% over the next three years. Earnings expectations hold steady at approximately US$2.0 billion, maintaining a cautious outlook given the prevailing market conditions. In terms of valuation, the stock's current price of US$90.16 sits slightly below the consensus analyst price target of approximately US$93.46. This suggests that, on average, analysts believe the stock to be fairly priced relative to its projected earnings and revenue growth. Observers should weigh these projections against their understanding of the company's strategy and market conditions. Upon reviewing our latest valuation report, T. Rowe Price Group's share price might be too pessimistic. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:TROW. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
